Yes and no. It certainly won't employ the army of want-to-be-a-journalist. But is that a problem if too many people want to work a fancy job and community cannot employ as many? Many people want to be cosmonauts, but we have few seats. Is that an industry problem? Probably not...
However, it can fix the trust issue in journalism industry. Once community is paying journalist wages rather than advertisers, quality should go up.
